Minority Bank Deposit Program (MBDP) is a voluntary program to encourage
Federal agencies, State and local governments and the private sector
to use MBDP participants as depositories and financial agents. Qualified
MBDP participants are certified by the Financial Management Service
(FMS), a bureau of the Department of the Treasury, and included
on a program roster distributed nationally to Federal program agencies,
contractors and other public and private sector organizations.
eligible financial institution must apply and receive certification
from the Financial Management Service, Department of the Treasury
to become a participant in the MBDP. It is important to note that
MBDP participants are expected to notify FMS of any change in status
that could affect MBDP eligibility. Information is available from:
Cash Management Policy & Planning
401 - 14th Street, SW
Washington, DC 20227
Phone – (202) 874-6950
financial institutions market their services to Federal agencies
as they would to any potential customer. MBDP participants should
contact local, regional and national offices of Federal agencies
to determine if banking-type services are needed and can be established.
If a Federal agency chooses to use a MBDP participant as a depository,
the agency must coordinate the banking-type arrangements with its
headquarters office and the Financial Management Service, Department
of the Treasury.
you are interested in additional information on the MBDP, please
visit the Department of Treasury web site at: http://www.treas.gov/.